Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: P

PODCAST

Any digital recording, such as news, music or media that can be run on your computer or on a media player such as the iPod. Podcasts are usually downloaded through the internet.

POINT SIZE

The distance between the highest and the lowest point of a certain type of print. Commonly used in commercial printing in the UK and the USA.

POLLUTER-PAYS PRINCIPLE

A principle that states that the costs incurred due to pollution control, prevention and treatment should be paid by the entity which is responsible for causing the pollution in the first place.

PONZI SCHEME

A scam which is usually carried out on the general public, by making returns of high promises in a shorter time period. It is primarily based upon paying off the early investors

PORTFOLIO CRITERIA

A criterion used to measure the developmental efforts of a firm for its products.

POSITIVE CASH FLOW

A normal position where the cash that flows into the company is higher than the cash amount that flows out, during the same period of time. A positive cash flow will not

POSTING

The transfer of debits and credits from the journals to a company’s ledgers is called posting.

PRACTICABLE

Any idea or project which can be brought to fruition or reality without any unreasonable demands.

PRECATORY WORDS

Words that are used to depict a certain desire or recommendation without actually binding the listener with them. For instance, ‘it is my desire and/or wish to?’

PREEMPTIVE PRICING

A method of selling something at lower rates, in order to ward off the competition within any market.

PREMIUM PRICING

A technique in which brands try to sell their products at a higher price compared to the general market, in order to create a brand image.

PACKAGE CLAUSE

A package clause allows the borrower to combine various different loans with the actual mortgage on the home, and then fix an installment per month in lieu of all the loans.

PAGEVIEW

A pageview is a single access of a page on a website by a certain visitor. There is a difference between a apge view and a ‘hit’ on a page, because the

PANACEA

A mythological term that is supposed to be the remedy of all illnesses and diseases. Similarly, panacea is also used to provide a symbol for something that can solve all of a

PARENT PART

A finished good that has been created, assembled or borne out of other parts and/ or components.

PART PAYMENT RULE

A rule which states that if a payment is made in parts, it cannot be used to satisfy for the entire sum that is due.

PASSIVE ACTIVITY LOSS RULES

A regulation set by the IRS which forbits businesses to show losses that were incurred by passive activities on their balance sheets, so as to reduce the amount of taxes that htye

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